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Treasury weighs changes to Reagan tax overhaul plan
Treasury officials revisit key provisions criticized for harming two earner middle income families. They may rewrite the child care credit to a deduction and reexamine the marriage penalty proposal. Current law allows credits up to 20 percent of child care costs with caps. plan would alter timing and value for higher brackets.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Reagan
Arthur Siddon
Treasury
Bob Packwood
R-Ore
Senate Finance Committee
Oregon Treasury Department
Packwood
Oregon
Siddon
James A. Baker III
Ronald A. Pearlman